0 Ming AveBakersfield, CA 93309

Property Details for 0 Ming Ave

Year built

1974

Property size (Sq ft)

1,700 SF

Property type

Retail properties

Property subtype

Other specialty properties

Description

This exceptional investment opportunity presents a well-established, 100% occupied self-serve car wash in Bakersfield, CA. Boasting 1,776 square feet of rentable space on a large 15,245 square foot lot, this single-story building, constructed in 1974 and renovated five years ago, offers five wash bays and vacuum stations. The property enjoys a prime location on Ming Avenue, with high visibility and proximity to major thoroughfares like Highway 99, and benefits from neighboring businesses such as McDonald's and Panda Express. Currently generating a strong NOI of $60,000 and a 5.11% cap rate, this car wash presents a compelling investment with significant upside potential. The property is zoned C-2 and features newer equipment, allowing for potential profit increases through operational enhancements. The asking price is $1,175,000, translating to $691.18 per square foot. This established business, operating 24/7 for over five decades, offers a rare chance to acquire a profitable and well-located asset in a thriving market. The property's APN is 16437014.

Location Insight

City

Bakersfield

County

Kern

State

California

Latitude

35.3371

Longitude

-119.064

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].